Recent content by jjames69

it was once said worldcom was the stock everyone had to own, but it went bankrupt. all companies can go down drastically, and eventually become obsolete. diversification in your assets is the best way to reduce volatility. you could also invest in defensive stocks. these are stocks that are...

how historical? stockcharts.com has it, as do many brokerages.

i just use my brokerages streaming software, essentially $0. i have a basic membership at stockcharts too. @$10/mo then two pc's and two large monitors.

simple enough?

i prefer stocks with large capitalization and high beta. the best i've found are mu, aapl, qqq, spy, amat, jpm, fb. guidance for daytrading? thats a broad question. be a little more specific. daytrading is valuable experience, even if only doing it with a demo account. its fast and furious...

triggered, target met, and profits taken.

looking like bombs away in the nasdaq.

his formula seems dependent on a particular trading style. in laymens terms............. traders rules of thumb, never risk more than 1-2% of your total account per trade. example - if you have a $100,000 account and buy x shares of apple worth $20,000(this amount is irrelevant), you want to...

that mm plan is very standard. to grow your account you'll need to trade several times a month. each correct trade should give you double the amount of gains compared to a loss, a 2:1 reward to risk ratio. so if you can get 1 correct trade per week, and your gain is 4% compared to a 2% loss...

i've always felt momentum indicators follow price, and can be lagging. a better indicator showing technical strength would be one comprised of tick volume. sometimes, on index etf's, i use tick volume with moving averages attached to make a mcclellan indicator.

toppy looking chart here. possible h & s top. the sector index(gray line) is leading the way down, earnings date on february 5th.

it's certainly a lot harder than it looks. lol. its nice if you can find them on a 5 minute bar so you at least have a little time to react. i'm following 8 stocks on both 1 and 5 minute bar chart intraday. i feel like its easier to find setups this way, and i only have to be in a trade for a...

plenty of patterns showing up intraday, but you have to keep your eyes peeled and be able to react in real time.

did you read this statement i added? this is a big clue on whether the pattern will succeed or fail. you'll notice the market and sector index(gray line) is confirming the technical weakness on the second pattern too. the sector and market indexes are sloping up during the first pattern...